A not-for-profit organization (Charity A) raises money for other charitable organizations. Charity A receives $10,000 to distribute to Charity B.
-Assume that the donor retains the right to revoke or redirect the gift.
Prepare the journal entries for Charity A and Charity B when the gift is received, and for Charity A and Charity B when the gift is distributed.

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The Answer of A not-for-profit organization (Charity A) raises money for other charitable organizations. Charity A receives $10,000 to distribute to Charity B.
-Assume that the donor retains the right to revoke or redirect the gift.
Prepare the journal entries for Charity A and Charity B when the gift is received, and for Charity A and Charity B when the gift is distributed.

A Not-For-Profit Organization (Charity A) Raises Money for Other Charitable